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1/2/25, 5:13 PM UAE-Korea SME Committee holds first meeting to enhance partnerships in entrepreneurship - Middle East News 247
UAE-Korea SME Committee holds first meeting to enhance
partnerships in entrepreneurship
By News Desk 1 11/12/2024
The UAE-Korea SMEs and Startup Committee held its first meeting in the Korean capital, Seoul, chaired by Her Excellency Alia bint
Abdullah Al Mazrouei, Minister of State for Entrepreneurship, and Her Excellency Oh Youngju, Korean Minister of SMEs and
Startups. The meeting was aimed at strengthening the partnership between the two countries in the fields of entrepreneurship,
startups and innovation, and boosting cooperation between relevant institutions and stakeholders on both sides. The meeting took
place on the sidelines of the UAE delegation’s visit to Korea to participate in the ‘ComeUp 2024’ startup festival held on December 11
and 12.
In this regard, Her Excellency Alia Al Mazrouei emphasized the strength and vitality of the UAE-Korea relations, which are
characterized by distinguished and advanced strategic partnerships in all fields and the exchange of high-level visits. The most
recent of this was the visit of UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan to Korea last May, during which,
the two countries signed the Comprehensive Economic Partnership Agreement expanding the fields of economic and investment
cooperation.
Her Excellency said: “We are keen to enhance cooperation with our partners in the Korean government in the field of SMEs and the
Committee meeting is an important step in supporting the competitiveness of the entrepreneurial environment in the markets of the
two countries. It enhances our efforts to provide more enablers that increase our markets’ attractiveness to entrepreneurs and
startups. Besides, it helps us capitalize on the advanced infrastructure and flexible legislative policies offered by both the UAE and
Korea to support startup owners and motivate them to achieve more innovation and creativity.”
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